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N. Macedonia's Veteks slightly grows net profit in H1

Sep 6, 2021, 4:17:34 PMArticle by Dragana Petrushevska
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September 6 (SeeNews) - North Macedonian yarn and thread manufacturer Veteks [MSE:VTKS] said on Monday its net profit edged up about 1% on the year to 5.98 million denars ($115,200/97,100 euro) in the first half of 2021.

N. Macedonia's Veteks slightly grows net profit in H1
Ministry of Economy/All rights reserved.

Operating revenue went up 6% year-on-year to nearly 174 million denars, while operating expenses rose 7.7% to 169.8 million denars, the company said in an interim financial statement filed with the Skopje bourse.

Domestic sales more than halved to 29.1 million denars in the January-June period, compared with 60.3 million denars booked in the same period last year. Sales from abroad came in at 144.9 million denars in the first half of 2021, up 39.6% on the year.

Shares of Veteks did not trade on the Skopje bourse in the past year.

(1 euro = 61.60 denars)

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